Group 1 - The UK and the US have reached an agreement on tariff trade terms, with the UK agreeing to concessions on imports of US food and agricultural products in exchange for reduced tariffs on UK car exports [1][3] - The agreement has not been formalized in writing, and both Trump and Starmer indicated that details still need to be finalized [1] - The EU has initiated public consultation on a list of US goods worth €95 billion in response to US tariffs, indicating a potential retaliatory stance [5][7] Group 2 - The US maintains a trade surplus with the UK, projected to be $11.9 billion in 2024, giving the US a natural advantage in negotiations [3] - The UK's economic situation post-Brexit is challenging, with a GDP growth forecast of only 1% for 2025, which pressures the UK to compromise on tariffs to protect key industries [3] - The EU's response to US tariffs reflects a strong stance on international trade rules, with potential implications for geopolitical cooperation between the US and EU [7][8]